Investment in infrastructure, socio-economy pays dividends for Can Tho

Gross capital formation in the last three years in the Mekong Delta city of Can Tho was VND157 trillion (US$6.82 billion).– Photo enternews.vn Gross capital formation in the last three years in the Mekong Delta city of Can Tho was VND157 trillion (US$6.82 billion). Public investments accounted for VND56.6 trillion ($2.46 billion), private capital for VND 96.1 trillion ($4.2 billion) and foreign money for the remaining VND4.1 trillion ($178 million). “These have contributed to sustaining the economic growth of the city at 7.56 per cent each year,” Nguyen Van Hong, director of the city’s Department of Planning and Investment, told Viet Nam News Agency. By the end of this year the city’s economy is expected to be 1.4 times the size it was in 2015, with a per capita income of VND80.5 million ($3,500). The poverty rate has dropped from 5.12 per cent in 2015 to 1.55 per cent now. All this has been possible due to proper investment in education, healthcare, culture, tourism, and environment. Official development assistance funds were mainly used for developing key infrastructure and protecting the environment. The Government has invested in a number of infrastructure works in the city, including upgrade of National Roads 80, 91 and 91B and dyke along the Can Tho River. Several works are set for completion, including the Vam Cong Bridge, Lo Te – Rach Soi Road and bridges on National Road No 80. Construction of the Children’s Hospital, Heart Hospital, Mental Hospital, Traditional Medicine Hospital, Tourism College, Healthcare College,… [Read full story]